Matthew Dunnigan - 18 Jun 2021 Form 4 Insider Report for Restaurant Brands International Inc. (QSR)

Role
CFO
Signature
/s/ Michele Keusch, as Attorney-in-Fact for Matthew Dunnigan
Issuer symbol
QSR
Transactions as of
18 Jun 2021
Net transactions value
-$666,400
Form type
4
Filing time
22 Jun 2021, 17:49:43 UTC
Next filing
09 Jul 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QSR Common Shares Sale $666,400 -10,000 -18% $66.64 45,492 18 Jun 2021 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding QSR Option (right to buy) 30,000 18 Jun 2021 Common Shares 30,000 $42.26 Direct F2
holding QSR Restricted Share Units 2,934 18 Jun 2021 Common Shares 2,934 Direct F3, F4
holding QSR Option (right to buy) 40,000 18 Jun 2021 Common Shares 40,000 $55.55 Direct
holding QSR Option (right to buy) 40,000 18 Jun 2021 Common Shares 40,000 $56.92 Direct
holding QSR Option (right to buy) 100,000 18 Jun 2021 Common Shares 100,000 $58.44 Direct
holding QSR Restricted Share Units 2,175 18 Jun 2021 Common Shares 2,175 Direct F3, F5
holding QSR Restricted Share Units 7,038 18 Jun 2021 Common Shares 7,038 Direct F3, F6
holding QSR Performance Share Units 108,271 18 Jun 2021 Common Shares 108,271 Direct F7
holding QSR Option (right to buy) 50,000 18 Jun 2021 Common Shares 50,000 $66.31 Direct
holding QSR Restricted Share Units 7,763 18 Jun 2021 Common Shares 7,763 Direct F3, F8
holding QSR Performance Share Units 52,560 18 Jun 2021 Common Shares 52,560 Direct F9
holding QSR Restricted Share Units 16,634 18 Jun 2021 Common Shares 16,634 Direct F3, F10
holding QSR Restricted Share Units 10,047 18 Jun 2021 Common Shares 10,047 Direct F3, F11
holding QSR Performance Share Units 33,771 18 Jun 2021 Common Shares 33,771 Direct F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $66.56 to $66.73 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.
F2 These options are immediately exercisable.
F3 Each restricted share unit represents a contingent right to receive one common share.
F4 These restricted share units vest on December 31, 2021.
F5 These restricted share units vest on December 31, 2022.
F6 These restricted share units vest on December 31, 2023.
F7 The shares reported represent an award of performance based restricted share units ("2019 PBRSUs") granted to the Reporting Person. The 2019 PBRSUs will have a performance period ending December 31, 2021 and to the extent earned will vest on February 21, 2024, which is the fifth anniversary of the grant date. The number of common shares that will be earned at the end of the performance period is subject to decrease based on the results of the performance condition.
F8 These restricted share units vest on December 31, 2024.
F9 The shares reported represent an award of performance based restricted share units ("2020 PBRSUs") granted to the Reporting Person. The 2020 PBRSUs will have a performance period ending December 31, 2021 and to the extent earned will vest on February 21, 2025, which is the fifth anniversary of the grant date. The number of common shares that will be earned at the end of the performance period is subject to decrease based on the results of the performance condition.
F10 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022 and December 31, 2023.
F11 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024.
F12 The shares reported represent an award of performance based restricted share units ("2021 PBRSUs") granted to the Reporting Person. The 2021 PBRSUs will have a performance period beginning January 1, 2021 and ending December 31, 2023 and to the extent earned will vest on February 19, 2024. The number of common shares that will be earned at the end of the performance period is subject to increase or decrease based on the results of the performance condition.